Direct Deposit FAQs

• What is direct deposit and where can I have my Payroll payments deposited?
• What are the benefits of direct deposit?
• Is there a cost for direct deposit?
• If I sign up for Direct Deposit, how can I be sure that no one will have access to my account?
• Can my direct deposit be split between different banks and/or accounts?
• How do I sign up for direct deposit?
• When should I notify the Payroll Department of cancellation of direct deposit, bank change or a closed account?
• It is my pay date and my direct deposit is not in my bank account, what should I do?
• I am a casual employee at the University, may I have my payments direct deposited to my bank?

What is direct deposit and where can I have my Payroll payments deposited?

Direct deposit delivers your Yale University paycheck into your bank, financial institution, or credit union’s account quickly and safely. Yale University’s bank will send an electronic message to your bank, financial institution or credit union crediting your account with the exact amount of your Yale University Payroll payment. You can deposit your net pay into you checking or savings account in any national bank, credit union or financial institution that is a participating member of the National Automated Clearing House Association. (NACHA).

What are the benefits of direct deposit?

There are no checks to be lost, stolen or forged. You will get your payment on time, even if you are out of town, sick or unable to get to the bank.

Is there a cost for direct deposit?

Direct Deposit is a free service offered by Yale University and most financial institutions.

If I sign up for Direct Deposit, how can I be sure that no one will have access to my account?

Direct deposit is a confidential way to send and receive payments. Although Yale University does have a limited ability to reverse direct deposit payments made in error, on average, fewer people see your account information with direct deposits than with checks.

Can my direct deposit be split between different banks and/or accounts?

No, at this time, that option is not available.

How do I sign up for direct deposit?

Direct deposit forms may be completed at the Payroll Department or may be obtained online at http://www.yale.edu/ppdev/Payroll/PaycheckOptions/forms.htm.

When should I notify the Payroll Department of cancellation of direct deposit, bank change or a closed account?

You must notify the Payroll Department immediately with any changes to your direct deposit. You must complete a new form with all changes. If you fail to notify the Payroll Department when you change account numbers or close an account, all funds already submitted to the bank will not be available to you until such funds are returned to Yale University from the bank.

It is my pay date and my direct deposit is not in my bank account, what should I do?

The Payroll Department transmits direct deposits to our Automated Clearing House for disbursement to banks at least two days prior to each pay date.  Your direct deposit should be posted by end of business on  your pay date.   If not, please contact your bank directly.  

I am a casual employee at the University, may I have my payments direct deposited to my bank?

YES.  All employees and students that receive payments through the Payroll Department can elect to have their payments direct deposited to their bank accounts.